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Richard Copus
Richard Copus
Estate Agent, Auctioneer, Compliance consultant, Industry trainer
3306  Profile Views

About Me

Born in London and educated in Surrey, Richard read Law at university and spent 4 years articled in the West End dealing with conveyancing and matrimonial disputes. Having failed his Part II exams and not happy being what he called "a square peg in a round hole" tied to an office, he joined a firm of chartered surveyors in Surrey as a junior negotiator and then moved down to Devon a few years later to take the post of manager in a long established, mixed practice RICS firm down there. He calls this the best move he ever made: "Wonderful properties, lovely clients, but no money!". Having lived on Dartmoor for over 35 years, Richard has built up a strong client base with recommendations and clients returning after decades indicating that he must have done some things right, he reckons. Richard lives with his wife and 3 Yorkies on the edge of the small town of Ottery St Mary and works from home and the office in Exeter. Richard likes travelling, cricket, a pint of real ale down the pub and is a hash house harrier (the English countryside's best kept secret!). He speaks French and Spanish and has a spattering of Catalan, German and - Luxembourgish (because his daughter and family now live there!).

my expertise in the industry

Richard trained as a lawyer and practised conveyancing as a trainee solicitor in London. Richard has lived and worked in South Devon as an estate agent and auctioneer since 1984. He is an Hon Fellow of the NAEA, Fellow of NAVA and holds the Certificate of Practice in Estate Agency. Richard was actively involved in the NAEA for many years and currently sits on the Disciplinary Tribunal. He specialises in period property and compliance issues and is an industry trainer with the RICS. He recently set up www.property-redress.co.uk to help consumers who have lost money through the Modern Method of Sale. As associate partner with one of the oldest RICS firms in Devon for 21 years, Richard set up on his own in 2006 dealing with period property and barn conversions exclusively. He is now a consultant and auctioneer with an established, mixed practice firm in the centre of Exeter covering the whole of the county. Richard is known for his expert knowledge on listed buildings; he is a successful auctioneer and is increasingly involved in training and compliance.

Richard's Recent Activity

Richard Copus
Living and working in Devon and an active part of the community, as are lots of us I see the problems with second homes every day. There are second home owners who buy to retire in a few years' time and there are those who use them for a large proportion of the year, but a large number of them are let out to holidaymakers who fill up at Tesco on the way down and never set foot in the the local village shop (where there is still one) and barbecue on the terrace rather than using the local pub (where there is still one) and these properties are left empty for much of the time. A generalisation I know, but when you see the number of primary schools in Devon and Cornwall which have closed due to the reduction in families living in the catchment area, you know there is a serious problem which needs fixing. Putting residence restrictions on new homes is no big deal to the market or to us as estate agents, because over 95% of properties in nearly all communities will not be affected at all and the new, permanent owners will bring a much needed injection of normality into the areas. I dispute the LSE figures which do not translate into what is happening on the ground and it does not make economic sense for them to say that this "has led to an increase in the price of existing homes as summer dwellers are competing for existing homes with local residents", because local residents cannot afford the existing homes - that is the whole point of the exercise!. There will be restrictions in perpetuity on these homes (much like the "Devon rule" which states that most ex-council houses can only be sold to people "living or working in Devon for the last 3 years") so this isn't a temporary fix that subsequent home owners can make money from. Prof Christian Hilber is a renowned Swiss economist who has worked in Germany and he spent much of his time in the USA before joining the LSE. He seems to have an internationalist approach to economics which tends to ignore local factors.

From: Richard Copus 21 April 2020 10:31 AM

Richard Copus

From: Richard Copus 22 January 2020 09:36 AM

Richard Copus
As I have mentioned before, the TPOS, Powys trading standards and their legal department are currently looking into the so-called modern method. Their main concerns are as follows: 1. The auctioneers/sub-agents taking instructions, whilst negotiating a low or no vendor's fee are not making it clear that such a high buyer's premium will adversely affect to a material degree the amount a buyer is prepared to pay for the property and they will receive less than they would do with none or a nominal buyer's admin charge payable as is traditionally the case; 2. The auctioneers/sub agents are not making it clear that some would-be bidders will not participate in auctions with high buyer's fees (see blogs online to see what people really think about this and their reactions) which means that there will often be fewer bidders resulting in a lower price being obtained and that the property is less likely to reach the reserve price. 3. They are concerned that the non-refundable buyer's fee is extortionate in many cases and is clearly high to pay for the non-auctioneer sub-agents who often carry out all the marketing. 4. They are concerned that buyers feel forced into paying these high premiums or they will lose the property they have set their hearts on. So far, there would appear to be no contractual bar to what "modern" method are doing. However, from a practice viewpoint it is clear that (1) and (2) above are not being complied with in most cases when taking instructions which is a breach of the Provision of Information Regulations and they are looking at whether the amount of the buyer's premiums should be reduced to a more fair and acceptable level. If there are any solicitors reading this, please could you get in touch with me via Estate Agent Today. PS: Property Pundit: There's nothing wrong with online auctions, we all do it, just the way it is being done. Conditional auctions run alongside Traditional auctions all the time, it is just the way the "modern" method (which should more accurately be called the "alternative" method) runs which is in question. The elephant in the room is: Why do Modern Method auctioneers need to get others to gain their instructions when traditional auctioneers have no problem doing it themselves?

From: Richard Copus 27 February 2019 10:14 AM

Richard Copus

From: Richard Copus 07 November 2016 09:51 AM

Richard Copus

From: Richard Copus 01 October 2015 09:47 AM

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